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Note 4 - Other receivables and other current assets, net
12 Months Ended
Dec. 31, 2024
Notes  
Note 4 - Other receivables and other current assets, net

Note 4 – Other receivables and other current assets, net

  

 

 

As of

December 31,

2024

 

 

As of

December 31,

2023

 

Due from third parties

 

$

370,262

 

 

$

452,544

 

Deductible value-added tax

 

 

385,494

 

 

 

-

 

Refundable deposits

 

 

30,543

 

 

 

16,054

 

Allowance for credit losses

 

 

(278,776)

 

 

 

(252,947)

 

Total other receivables and other current assets, net

 

$

507,523

 

 

$

215,651

 

 

Movements of allowance for credit losses of other receivables and other current assets are as follows:

  

 

 

For the Years Ended December 31,

 

 

 

2024

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

252,947

 

 

$

239,594

 

 

$

264,880

 

Addition (recovery)

 

 

38,690

 

 

 

20,247

 

 

 

(5,268

Exchange rate effect

 

 

(12,861)

 

 

 

(6,894

)

 

 

(20,018

Ending balance

 

$

278,776

 

 

$

252,947

 

 

$

239,594